Obama wants to Raise Taxes, Good or Bad for the Economy?

beenthere said:
"President Obama called Monday for extending tax cuts for middle class Americans while allowing a rise in taxes for what he said was the 2 per cent of the population earning more than $250,000 a year. Romney supports extending the federal tax cuts, first signed by former President George W. Bush, for all income earners.

The White House is again raising the tax issue with full knowledge that the Republican-controlled House of Representatives will not accept such a move unless it also includes extending tax cuts for high-income earners."

He also wants to raise the capital gains and dividend tax rate from 15% to 30%!
What will this do to the stock market and more importantly, to our already struggling economy?

Along with the rich, there are millions of middle class Americans that have money invested in the stock market, so here's a question I have.
If you had a good portion of your money invested in stocks, mutual funds etc. at the current 15% tax rate and Obama got his way, would you pull your money out before the rate increased to 30%, and do you think thousands if not millions would do the same?

I believe this would be disaster.
Click to expand...


UncleBuck said:
WOOPS!

stock market at a record high.

you must feel really, really stupid.

really stupid.

for real.
Click to expand...

Qoops my ass.

Look at the bold type of my quote, Obama was talking to raise the capital gains tax from 15% to 30%.
Your lack of knowledge when it comes to income and taxation is making a FOOL out of you again, the capital gains tax was NOT raised to 30%.
And the millions of middle class Americans invested in the stock market have NOT had their taxes raised.

Stick to cat sitting and spell checking, because you flat out suck when it comes to money and taxes.
 
beenthere said:
Qoops my ass.

Look at the bold type of my quote, Obama was talking to raise the capital gains tax from 15% to 30%.
Your lack of knowledge when it comes to income and taxation is making a FOOL out of you again, the capital gains tax was NOT raised to 30%.
And the millions of middle class Americans invested in the stock market have NOT had their taxes raised.

Stick to cat sitting and spell checking, because you flat out suck when it comes to money and taxes.
Click to expand...

have you ever had one single prediction work out, or do they all go the way of your skewed polls theory?
 
UncleBuck said:
have you ever had one single prediction work out, or do they all go the way of your skewed polls theory?
Click to expand...

A bunch, including the one you are talking about now.
Are you that clueless about taxes, they didn't go up to 30%, the millions of middle class in the stock market did NOT see their capital gains rate go up, you want to challenge me on that now.
 
beenthere said:
A bunch, including the one you are talking about now.
Are you that clueless about taxes, they didn't go up to 30%, the millions of middle class in the stock market did NOT see their capital gains rate go up, you want to challenge me on that now.
Click to expand...

I think your best strategy with me is to just shut up, the more you open your mouth, the more ammo you give me.
 
beenthere said:
Buckie, given your reputation on this board, do you honestly think anyone believes you, let alone gives a flying fuck?

You got bitch slapped. get over it.
Click to expand...

at which point Uncle Buck becomes despondent and starts calling people names.
Repeating false stories like a broken record or making his own charts.
 
Nutes and Nugs said:
at which point Uncle Buck becomes despondent and starts calling people names.
Repeating false stories like a broken record or making his own charts.
Click to expand...

That's why it doesn't bother me, everyone knows Buckie and Cheezy are liars on this board.
Buckie brags about what a great grower he is, then hangs plants over a box of cat shit and cheezy's lil wannabe ass doesn't even grow!
 
beenthere said:
That's why it doesn't bother me, everyone knows Buckie and Cheezy are liars on this board.
Buckie brags about what a great grower he is, then hangs plants over a box of cat shit and cheezy's lil wannabe ass doesn't even grow!
Click to expand...

They are entertaining.
Like that Dumb and Dumber movie.
 
Bill95815 said:
Once again my $0.02: They said that Clinton's HUGE tax increase was going to ruin the economy. Look at what happened. It was the BEST one in eon's.
Click to expand...

What huge tax increase? Clinton's tax increase had little effect on the average effective rate.

Also the era that was considered to be the Golden Age of America had a top tax rate of 92%. Tell me again about ruining economies.
Click to expand...

A top statutory tax rate of 92%. The average effective rate was substantially lower than 92%. The only meaningful rate is the effective rate because it's the one people actually paid. The statutory rate means nothing.
 
MOAR taxes to cover MOAR spending takes money out of the economy, this same money could've been invested directly in the economy by taxpayers/citizens... however the Govt takes it, waste occurs and the lesser amount of money goes back into the economy.

I read this analogy the other day, it's the best way to describe it that Iv seen.

It's basically the same as if you take a bucket of water from a lake (taxes from the economy) and walk around to the other side of the lake and dump it back in.

Except the bucket has holes and tends to lose a lot of the water in the process...
 
Well here we go..........yet another

jack-harer-356847-albums-fun-shit-picture2872374-train-wreck-o.gif


Unsubscribed and outta here!
 
Yeah..........I don't have a way here, other than the desire to leave pre-school back where I left it.


OH...one parting gift. it's MORE not MOAR!! Lernt that one in 4th.
 
UncleBuck said:
it's funny that you call me a liar in the same post where you have to explain several of your own.

you basically just admitted that i asked you about being a fisherman a while back (see bolded) and that you either didn't answer (as you claim) or told me you weren't (as i seem to recall).

either way, it's pretty silly to think that people are just breaking into the oregon fishing industry, that kind of thing is almost always handed down through the generations from what i understand.

i have no doubts that you are no exception to this.
Click to expand...

You recalled wrong...Buck all it takes is money. There are boats for sale all the time look it up. If you wanted to be a fisherman you don't have to wait for a hand me down..I have been fishing for over 35 years, is that what you call "just breaking into a fishery"...You don't understand much..
 
Harrekin said:
MOAR is a perfectly accepted term.

Now you sir, go suck a pee-nus.
Click to expand...

Not really. It's not. It's as acceptable as the word, antidisestablishmentarianism. Yea, it's a word, but really it's pointless. Teenagers who play Dungeons and Dragons use the word moar. And even then its not really a word.

You see, the word "more" is an ACTUAL word, whereas "moar" is a coined term, like "Tweet" or "google". Yes, those words will likely make their way to the dictionary. But "moar", I have my doubts. Just as I have my doubts you will make it very far in life.

P.S. Tell your mom I said hi. Bitch still owes me $50.
 
You must log in or register to reply here.

Similar threads

vostok
  • Locked
Donald Trump tears into the New York Times for 'made-up, phony' story
Replies
18
Views
1K
shrxhky420
shrxhky420
hanimmal
Biden's Infrastructure Week
4 5 6
Replies
105
Views
5K
hanimmal
hanimmal
Jimdamick
I pay more taxes than Amazon
Replies
8
Views
684
xmatox
xmatox
hanimmal
AP FACT CHECK: Trump’s falsehoods on virus, taxes and Bidens
Replies
6
Views
511
Herb & Suds
Herb & Suds
hanimmal
Joe Biden: My trip to Europe is about America rallying the world’s democracies
Replies
1
Views
512
hanimmal
hanimmal
Back
Top